Payment Innovation & Vision
Ultimately, the Very Network exists to truly revolutionize payments.
Very Network's Verychat is designed to be convenient and reliable, enabling anyone to easily set up a wallet and transact in cryptocurrencies with each other. Both offline and online merchants can receive payments from consumers without any network fees by using the QR code from the wallet within Verychat.
The maintenance of the Very Network is sustained not by transaction fees but by compensating nodes with VERY paid by advertisers. This allows validators to receive much higher rewards than transaction fees, enabling the network to maintain free transactions indefinitely.
This convenient, secure, and easy-to-install payment system, which is permanently free, will further maximize the number of Verychat users. Increased user engagement will, in turn, stimulate the demand for advertisers’ campaigns. As a result, the Very Network and Verychat ecosystem will become more robust and dedicated to serving numerous countries with inadequate financial infrastructure.
Last updated